Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Major investors in Energy Future strive to minimize losses

Investment firms KKR & Co., Goldman Sachs Capital Partners, and TPG Capital spearheaded the $48-billion buyout of Energy Future Holdings Corp., the biggest power plant owner in Texas.

Now, they are striving to get barely 3% of their initial investment back since the company filed for bankruptcy.

Talks to negotiate with their senior creditors, which include Leon Black’s Apollo Global Management LLC and Centerbridge Capital Partners LLC, have stalled when their ability to view nonpublic information about the company was compromised.

An agreement that failed last week would have earned the company’s owners a mere $270 million.

If you or a loved one are swamped with debt, or have a business that is going under, you don’t have to be overwhelmed. Chapter 7 or 13 bankruptcy is an effective option for many individuals and businesses who can no longer manage their debt. Please call Greenway Bankruptcy Law, LLC in Birmingham at (205) 324-4000 to speak with an experienced attorney about your legal options today.

Rapper exits bankruptcy

Rapper David Darnell Brown, better known as “Young Buck,” is getting a fresh financial start after exiting bankruptcy, a report stated on Thursday, September 19. The rapper filed for bankruptcy three years ago.

According to reports, the Tennessee rapper has paid some of his debt, but other creditors will not get paid, including rapper 50 Cent, who is owed around $117,000. Young Buck had to pay $391,333.59 according to a legal trustee. The rapper also settled his $42,699 tax debt in full. More than 85 percent of the claims worth $26,914.73 and $868.31 were already received by the New York State Tax Department from the rapper.

The 32-year-old rapper, who is expected to be released from prison this October, sought bankruptcy protection after the IRS raided his assets and sold his properties to pay his taxes.

Facing overwhelming debt can be frustrating; however, there are legal options that may be available to help you get a better handle on your finances, including filing for bankruptcy. Discuss your financial options if you are facing burdensome debts in Birmingham with a lawyer from Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today.

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505 20th St N #1220
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Phone: (205) 324-4000
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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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